The blocks of NoMad and its immediate surrounds remain incredibly active in terms of new development, and the wave of construction sweeping Fifth Avenue is about to yield yet another skyscraper. Today, YIMBY has an exclusive first look at what’s in store for 316 Fifth Avenue, in Koreatown, where developer Cottonwood Management is planning a 539-foot-tall tower designed by Kohn Pedersen Fox.
It has been less than four years since permits were filed for 1059 Third Avenue, but thanks to Tectonic we can see the tower has now risen 21 floors above the Upper East Side, on the way to its 30-story pinnacle. The project is one of several new high-rises coming to the neighborhood. Real Estate Inverland and Third Palm Capital are responsible for the development. The site was purchased for $40 million in 2012, costing just over $330 per buildable square foot.
Greystone Development‘s most recent residential project has now topped-off at 24-16 Queens Plaza South. Located in Long Island City, the 23-story tower will eventually comprise over 100,000 square feet, yielding 117 residential units and a full suite of amenities including an open-air rooftop deck, a pool, a fitness center, co-working spaces, and more to be announced upon completion. The latest update comes from The Court Square blog, and also includes a fresh rendering.
Permits have been filed for a four-story mixed-use building at 618 Myrtle Avenue in Bedford-Stuyvesant, Brooklyn. The site is eight blocks away from the G train, whose service was shut down this last weekend. Pastor Luis Pastruizaca is listed as responsible for the development.
New permits have been filed for a four-story mixed-use building at 717 Sutter Avenue in East New York, Brooklyn. The site is five blocks away from the Van Siclen Avenue subway station, serviced by the A and C trains. Eight blocks away is an identically named station, serviced by 2, 3, and 4 trains. An anonymous LLC is listed as behind the applications.